Discover a unique investment opportunity with this well-maintained legal non-conforming 7-plex, boasting a history of steady occupancy and satisfied residents. Currently, all tenants are aged 55+, fostering a peaceful and mature community. Each unit is rented on a month-to-month basis. This property has return on investment with a projected rental income of $82,596 per year and current expenses of $23,033.54 (2023). Conveniently, it offers seven parking spots and an outbuilding for additional storage, catering to tenant needs. Two units are intentionally kept vacant, offering immediate potential for new tenants or renovation. Owned by the same individual since 1998, the building has been meticulously cared for and upgraded over the years. Detailed floor plans, a comprehensive list of upgrades, and a breakdown of expenses and rents are available upon request. Don't miss out on this rare opportunity to own a multi-family property in a desirable location.
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Sold history
General Info
9+2 bedroom semi-detached house in Greater Napanee 70 Dundas St, MLS: X9039453
Style | Type
2-storey | multiplex
Approx. Age
100+
Lot Width
81.0 ft
Lot Length
84.3 ft
Total Approx. Floor Area
3500-5000 sqft
Rooms
Bedrooms
9+2
Total Rooms
24
Bathrooms
7
Basement
part bsmt
Parking
Garage spaces
0
Total spaces
7
Driveway
private double
Financial info
Taxes
$8,929 / 2024
Additional info
Fireplace/Stove
none
Heating
forced air
Other
Possession Details
flexible
Nearby Amenitites
golf, hospital, library, park, public transit, rec centre